- The quarterly financial report summarizes the city's revenues and expenditures as of June 30, 2016, which is three quarters through the fiscal year. - For the general fund, revenues are at 87% of budget while expenditures are at 66% of budget, leaving a positive operating balance. Property tax collections are at 97% of budget. - The utility fund revenues are at 68% of budget while expenditures are at 55% of budget, also leaving a positive operating balance. - Overall, the city's financial position remains positive with revenues and expenditures generally on track through three quarters of the fiscal year.